27 Nov 2012 10:39

U.S. Ex-Im Bank to lend $400 mln to Kazakh rail operator subsidiary

ALMATY. Nov 27 (Interfax) - The U.S. Export-Import Bank will lend $400 million to Lokomotiv JSC, a subsidiary of the Kazakhstan Temir Zholy national rail company, a loan of $400 million.

The agreement on the loan was signed last Monday in Washington, Lokomotiv JSC said.

The loan is intended to finance a purchase of Evolution locomotives assembled from General Electric's parts.

The deal is the first instance of the U.S. Ex-Im Bank's direct financing of a borrower in Kazakhstan.